Posted on 01/23/2024 8:49:44 PM PST by know.your.why
Hello fellow FReepers. I have just been given the shocking news that my monthly rent for a 1-bdr apartment in N. Alabama is going up by $300 which works out to a 45% increase. The apartment complex has been recently bought by a NJ based company and apparently they have resolved to raise every tenant's rent. The reason that the manager told me was that materials costs are up "such as drywall". Ridiculous excuse. I just cant believe that this has happened. People here cant afford this kind of increase. Wages have not gone up AT ALL. I just dont get it. Any help is appreciated.
Read your lease—is there any relevant language there?
I know it’s a bit obvious but a tenancy lawyer is worth a call. I don’t think it’s legal.
Are you near Huntsville? There’s money flowing into that area.
Thank BiXiden.
Ps don’t let on that it upsets you to the landlord you need the element of surprise in warfare. But don’t pay the increase until you talk to a lawyer or get legal advice.
What’s the Fair Marketplace Value on apartments similar to yours in your area?
The only reason I can imagine your rent going up that much is because your landlord wants you out. Perhaps he found he’s been undercharging you in all this time or maybe you are, in his view, a bad tenant.
I can only suggest checking to see what laws cover the rentals in your area.
Doesn’t look like your state has any restriction on rent charged.
https://www.payrent.com/articles/alabama-landlord-tenant-laws/
Consider looking for a new place quickly.
If an entire complex is facing the same hike=a lot of people are going to be looking for a new place at the same time.
In general they are within their rights to raise rent any amount.
Just a curious question: is your landlord one of those mega-landlords like Invitation Homes?
My rule on lawyers—forget the well dressed lawyers in fancy offices.
For this kind of stuff you need a Better Call Saul junkyard dog lawyer.
They want your business and love causing chaos and heartburn for the other side.
The fact that the new owner is from New Jersey will make their day.
;-)
I got hit 20 percent last year, and 20% this year. I got the same BS excuse. “Insurance is up, fuel is up, costsof materials are up (the building is owned outright and they don’t do any repairs on the leaky roof or drips in the plumbing), blah blah blah we are so sad and hurting that we have to raise your rent another 20%.” Bidenomics at work. Greatest economy ever...
$1,000 bucks a month is considered pretty cheap for an apartment.
It depends on the exact language in the lease.
The old owner may have boxed themselves in....
My rule on lawyers—forget the well dressed lawyers in fancy offices.
For this kind of stuff you need a Better Call Saul junkyard dog lawyer.
They want your business and love causing chaos and heartburn for the other side.
The fact that the new owner is from New Jersey will make their day.
;-)
******************
Lol
Funny stuff, cgbg......as usual.
Welcome, second-class citizen!
Get 20 to 30 of BiXiden’s “immigrants” to be roommates....
Some cities and maybe some states limit the amount rent can increase but I doubt Alabama is one of them.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.